• Meta releases AI developer assistant ‘Code Llama’
• Nate Chastain sentenced to three months for insider trading at OpenSea
• Binance allegedly maintains ties with blacklisted Russian banks despite Western sanctions
Meta Releases AI Developer Assistant
Meta announced on Aug. 24 that it is releasing Code Llama, a large language model (LLM) for use by coders and developers. The company said that Code Llama can generate and discuss code, improve workflow speeds, and reduce barriers to entry for new coders. It is available for research and commercial use under the same license as Llama 2, which was opened in July.
Features of Code Llama
Insider Trading Sentence
Nate Chastain was sentenced to three months in prison for insider trading at OpenSea. He had traded based on inside knowledge of an upcoming cryptocurrency launch before its public announcement, resulting in substantial profits for himself but significant losses to investors who bought into the project after the news was made public.
Binance Allegedly Maintaining Ties with Blacklisted Banks
The Wall Street Journal reported that Binance allegedly maintains ties with blacklisted Russian banks despite Western sanctions against them. The article claims that Binance’s CEO Changpeng Zhao has close connections with these entities and is using them to facilitate transactions between customers from sanctioned countries and those outside them. This could potentially put Binance in violation of multiple sanctions imposed by the United States government against Russia-linked banks.
Sam Bankman-Fried Allowed Supervised Internet Access
Sam Bankman-Fried was allowed supervised access to the internet by a federal judge so he could meet with his lawyers regarding his involvement in an alleged $850 million money laundering scheme involving cryptocurrencies like Bitcoin and Ethereum. He had previously been denied access due to concerns over him having contact with other accused individuals or foreign governments before his trial begins next year